Generations Credit Union

Deposits held and insured by Community 1st Credit Union

Overview / Commentary
929 Eastside St Se
Olympia, WA 98501
Deposits held and insured by Community 1st Credit Union

Field of Membership Restrictions

Generations Credit Union is open to those who live or work in the state of Washington. CDs can only be opened in branch.
See current membership details

Related Posts

Update To Signing In Person - 7/7/2020

Decided to call and see what's going on now. Had hope when the recording said "our offices are now closed due to COVID". Was connected to the Olympia branch and spoke to Linda. Asked if an in person signing was still required to open a CD. She said no that has changed and they are now only accepting membership from those who live or work in the State of Washington.

Generations Credit Union: 5-Year CD, 2.12% APY, $50,000 Minimum - 5/16/2020

from "Join Us" page at Generations Credit Union website Eligibility: Anyone who lives or works in the state of Washington is automatically eligible to join Generations, a Division of Community 1st Credit Union. When you bank at Generations, you're not just a customer, you're also an owner. For those not in Washington state, you may join Generations, a Division of Community 1st Credit Union if you are a member of one of the following organizations. Click on the name of the organization below to be taken to their membership website. Northwest Energy Coalition Northwest Credit Union Foundation $50,000+ APY is 2.12% Under $50,000 APY is 1.97% ($500 minimum) Yields for all terms at Please note that the credit union's rate page states: "yiel

Reviews (2)

Sleepy Little Community Credit Union

I joined and sucessfully opened two CDs with Generations this week. Unfortunately, they, like so many credit unions, require a hard credit pull, so unfreezing the credit bureau account slows things down a bit. This is not disclosed on their website.
Speaking of their website, some of the information there is "outdated." For example, the early withdrawal penalty for CDs with a term longer than 12 months is 180 days of dividends (still not bad when taking interest rate risk on a five year CD). So, if you have an issue important to you, call them for the answer, don't rely on information on the website.
Their online membership application process is fairly efficient. Of course, if you are in a rush to lock in the high CD rates (note they have tiered rates, with 2.12% apy at five years for amounts in excess of $50,000), like I was, it takes a couple of days to complete the process, including the previously mentioned branch visit.
Hint: not mentioned by customer service. Even though you have an appointment, you are expected to call them from the door to be admitted, so don't leave your cell phone at home.

Must Sign CD Paperwork In Person

After a few calls and as I was about to finalize an online CD at 2.12% for 60 mos I was told "oops"... You must come into one of our branches to physically sign the paperwork. No electronic signature nor signature by mail. Stoneage banking has returned. Oh well...went to Hughes FCU in AZ. Nice folks, helpful, easy.


Data as of Q4 2020

Data displayed below is for insuring bank: Community 1st Credit Union
Learn why bank health matters

Health Grade Components

NCUA #60079
Year Chartered1934
Primary Regulator
Profit Margin
Return on Assets - YTD0.08%
Return on Equity - YTD0.71%
Annual Interest Income$5.5MM
Assets and Liabilities
AssetsQ4 2020vs Q4 2019$174.6MM$141.2MM
LoansQ4 2020vs Q4 2019$122.7MM$93.0MM
DepositsQ4 2020vs Q4 2019$149.7MM$115.6MM
Equity CapitalQ4 2020vs Q4 2019$19.1MM$19.0MM
Loan Loss AllowanceQ4 2020vs Q4 2019$758.00K$740.00K
Unbacked Noncurrent LoansQ4 2020vs Q4 2019$528.00K$589.00K
Real Estate OwnedQ4 2020vs Q4 2019$74.00K$74.00K
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Always verify rates and promotions with the bank or credit union. We are not Generations Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Generations Credit Union Savings Account Rates

1.00%--Coverdell ESA
0.25%--Holiday Club
0.25%--IRA Savings Account
0.10%$100-Regular Savings

Generations Credit Union Money Market Rates

0.40%$2.5k-Money Market Account

Generations Credit Union Checking Account Rates

0.05%$500-Capital Checking

Generations Credit Union CD Rates

1.35%*$50k*-60 Month CD
OTHER TIERS: 1.30% $500 - $50k
1.25%*$50k*-48 Month CD
OTHER TIERS: 1.20% $500 - $50k
1.15%*$50k*-36 Month CD
OTHER TIERS: 1.10% $500 - $50k
1.05%*$50k*-24 Month CD
OTHER TIERS: 1.00% $500 - $50k
1.00%$100-12 Month Kids Club CD
0.85%*$50k*-18 Month CD
OTHER TIERS: 0.80% $500 - $50k
0.75%*$50k*-12 Month CD
OTHER TIERS: 0.70% $500 - $50k
0.45%*$50k*-180 Day CD
OTHER TIERS: 0.40% $500 - $50k

Generations Credit Union Locations
Branch Office720 Capitol Way SOlympia, WA 98501

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